RUBSF News and Press, Rubis SA

2024-07-14 20:47:16 ET Summary Rubis sells the terminal business at a good, value-accretive multiple and consequently plans a special dividend of 0.75 EUR per share. Proceeds from sale being invested in renewable business, which may not be the best capital allocation choice. R...

2024-05-29 12:25:00 ET Summary Harding Loevner is an investment manager that invests primarily in publicly traded global equities. We were founded in 1989 by former managers for the Rockefeller family. Harding Loevner is a Delaware limited partnership. We operate independently of Affi...

2024-03-10 09:30:47 ET Summary Rubis delivered a strong quarter, driven by excellent performance in the retail segment in the Caribbean and improved results in support and services thanks to the conflict in the Middle East. The bulk liquid storage joint venture is performing well ...

2023-12-04 02:06:15 ET Summary Rubis has concerns about the sustainability of its dividend due to the major CAPEX burden in the renewable business. Gross margins and volumes are growing in primary businesses, but the investments in renewable generation assets are poor alternatives...

2023-09-04 04:43:37 ET Summary Rubis is an energy distribution company with an emerging markets focus benefiting from the development of road infrastructure, demographic growth, and improving living standards. The company has a diversified business portfolio, with operations in Af...

2023-05-28 09:00:00 ET Summary Rubis is signaling that its initial Photosol acquisition will definitely not be the end of the renewable foray, where they want 50% of European EBITDA to be from renewables. In Africa, while infrastructure spending has reverted slightly, new markets ...

2023-03-21 12:22:27 ET Summary Rubis reported overall robust volumes and income numbers and double-digit bottom line earnings growth, although it was adjusted due to FX issues and acquisitions fees. Photosol growth path is delayed due to "permit congestion", 2030 objective is unch...

Summary Rubis has come out with its trading update and the salient features are a recovery in aviation activity. Moreover, the price caps in Madagascar have been eliminated and this has helped the African performance in terms of gross profit. There is deceleration in the shipping an...

Summary The company's core business is based in resilient segments like service stations, LPG, and storage, with exposure to emerging markets growth. There is potential upside in synergies related to recent investments in photovoltaic and, the relative unknown, hydrogen. Rubis...

Summary The Rubis thesis is playing out as expected in the medium term. Some unit profit increases were achieved, that paired together with volume increases driven in particular by the Caribbean and a tourist reopening charged results. Trading segment continues to add EBIT on ...